Cincinnati sports information contact Ryan Koslen told the Enquirer Jones is no longer in the running at Colorado.

The Denver Post reported on Wednesday Jones had accepted the job, but Jones contacted several media outlets to refute the report.

Jones is 23-14 during his three-year career at Cincinnati, including a 9-3 mark and a second consecutive share of a Big East championship this season and a Dec. 27 appearance in the Belk Bowl against Duke.

He currently is under contract through 2017. The deal increased his guaranteed annual compensation from $1.1 million to $1.575 million, the Enquirer reported, with annual increases through 2017 when he would be paid $2.05 million in the final year of his contract. The deal includes a $1.4-million buyout if he leaves UC before Jan. 1, 2013, the Enquirer reported.

Jones has been in discussions with Cincinnati officials to redo his contract, including an assurance the Bearcats' home field will be renovated, the Enquirer reported. It is not known where the money to pay for the upgrades will come from, according to the Enquirer.

Cincinnati also faces issues because of the uncertainty surrounding the Big East Conference after the pending departures of schools like Rutgers to the Big Ten and Louisville to the Atlantic Coast Conference.

The Big East does not have an automatic tie-in to a major bowl game when the BCS deal expires at the end of next season.